Since the coronavirus pandemic started, many have lost their jobs or been furloughed; however, the government stepped in and extended a helping hand by giving people money as a result. However, the monies that were paid out for six weeks came to an end in some states; this was a part of the executive order in August 2020. It was called Lost Wage Assistance; this benefit was taken from the Federal Emergency Management Agency to assist the unemployed. Despite all that’s happening, there was no backup plan that would serve until the end of 2020.
Using the executive memo, the Federal government was able supply an additional amount of $300 extra per week to unemployed persons for six weeks. While some states were called upon to provide another $100, the order became optional due to the limitations of the state budgets. As some states have already received their supply, the six weeks is finished.
The Federal Emergency Management Agency approved for 48 states as well as Washington D.C and Guam to pay out money for six weeks. Arizona was the first state to send the $300 payment to the unemployed, and Nevada, on September 2, applied for assistance and is awaiting approval. So far, 16 states have depleted their supply of money and are awaiting a government response regarding an adjustment in payments.
The states that have not yet been given their supply will get it, and it will be paid in weekly deposits or a lump sum.
Will there be more money coming?
The negotiation of another stimulus bill will once again be on the agenda once an agreement is made. According to the Washington Post, discussions are happening in the White House for actions to be taken.
What are the new benefits?
Most states make payments of approximately $300 to $600 per week to unemployed persons. One state that was able to give the extra $100 was West Virginia.
While it would be suitable for everyone who lost their jobs to get more unemployment money, unfortunately, that is not the case; not everyone who is getting paid now will be getting payments. On August 11, the US Department of Labor sent out the requirements for being eligible to get a second payment set. Claimants will now have to be eligible to get the $100 from unemployment benefits from the state. This will mean, however, that approximately 1 million persons will be dropped off the list.
The HEALS Act
The GOP proposed giving people $200 per week instead of $600; the money can last longer. After which the amount would increase in September 2020 and add to the state’s unemployment benefit, approximately 70% of each person’s salary would increase. However, the proposal has only been introduced to the Senate. The Democrats are now in dialogue with the GOP on the layout of the plan. If this process gets approval, it will take approximately two to four weeks for the payments to be sent to the state and then to the beneficiaries.
You are deemed eligible for unemployment benefits if you lost your job in your state. Once you are approved, you will be granted all benefit that applies to you. Some states provide up to 50% of a person’s wage/salary, but each state decides who is eligible and how much money you will get.